Stronghold Digital Mining Closes $10 Million Private Placement
Vinson & Elkins advised Stronghold Digital Mining, Inc., a vertically integrated Bitcoin mining company, in connection with securities purchase agreements with a PIPE transaction in which the Company issued and sold an aggregate of 10,000,000 shares of its Class A common stock and share equivalents at a price of $1.00 per share.
The Company also issued to the purchasers warrants to purchase an aggregate of 10,000,000 shares of Class A common stock, with an exercise price of $1.10 per share. The transaction closed on April 21, 2023.
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